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Guys, While searching for a Ripple Labs vs. R3 update in the California court records, a different court case came to my attention. Tony Petrucci of North Carolina (plaintiff) is suing Ripple Labs, Inc. (defendant) for $5,885.68 USD in small claims court because "21,798.84 Units of currency (XRP) (was) not accessible due to upgrades by Ripple Labs, Inc. that I was not made aware of." According to the complaint (see pictures below), this allegedly happened on 6/19/2017. When asked how the plaintiff (Tony Petrucci) calculated the money owed to him, his answer under oath stated "currency (XRP) worth an all time high of 0.42 per unit, recently trading at 0.25 - 0.29. I will accept $0.27 per unit, which equates to $5,885.68." He asked Ripple Labs, Inc. to reimburse him prior to filing the lawsuit. The trial in small claims court beings on January 12, 2018. Notes: 1.) What is this guy doing? 2.) In small claims court in San Francisco CA, individuals can file a claim to up to $10,000 USD. 3.) 21,798.84 "units" (XRP) is now worth over $65,000.00 USD. 4.) Not sure if Mr. Petrucci is going to fly out to California and represent himself (think of Judge Judy type court, that is small claims) or if he is going to hire a lawyer. Maybe he can conference in via telephone. 5.) A plaintiff cannot appeal a decision made in small claims court in California. 6.) Success will unfortunately bring suits like this. Ha, just add it to my list of cases to track. Keep you guys posted.
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